The Financial Times is the latest to look at the UAE’s push into mining — alongside Saudi Arabia — as part of the GCC nations’ quest to diversify their economies beyond fossil fuels. The two petrostates are looking to invest in mineral mining from resource-rich countries across Africa, Asia and Latin America to secure the minerals used in power transmission lines, electric cars and renewable power, such as copper, iron ore, and lithium.
The UAE eyes mining to curb the economy’s reliance on fossil fuels
This comes as part of GCC nations’ quest to diversify their economies